Bloomberg Markets · 1 min read

Australian Scandium Miner Soars After $400M US Investment

Sunrise Energy Metals has secured $400 million in long-term debt financing from the Pentagon to expand production of scandium, a rare earth element vital to aerospace and defense. The deal underscores Washington's push to diversify supply chains away from China. Sunrise Energy Metals CEO Sam Riggall joins "Bloomberg: The Asia Trade" to discuss what this means for their business. (Source: Bloomberg)

This is a summary aggregated from Bloomberg Markets. Read the complete article on the original site:

Read full article at Bloomberg Markets

More Business & Finance News